PNC Financial Services Group Inc.'s first-quarter earnings rose 27%, handily beating analysts' estimates, following year-earlier writedowns as revenue increased and credit-loss provisions fell.

"We began to see signs that the pace of credit deterioration had eased at the end of 2009, which is reflected in our lower first quarter provision for credit losses," said Chairman and Chief Executive James Rohr.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.